Centinel Bank of Taos
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Centinel Bank of Taos · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $591K | $591K | 50.0% |
Geographic Distribution
SBA lending activity for Centinel Bank of Taos by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Mexico (NM) | 2 | $1.0M | 100.0% |
Why Choose Centinel Bank of Taos?
Based on SBA 7(a) lending track record from 1993-1994
- ✓Proven Track Record: 2 SBA loans approved, totaling $1.0M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 100 months
- ✓Loan Range: Loan sizes from $423K to $591K, with an average of $507K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NM
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Centinel Bank of Taos SBA lending
What types of businesses does Centinel Bank of Taos typically finance?
Centinel Bank of Taos specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Centinel Bank of Taos's typical SBA loan terms?
Centinel Bank of Taos's SBA 7(a) loans typically feature an average interest rate of — and average term length of 100 months (approximately 8 years). Loan sizes range from $423K to $591K, with an average loan size of $507K.
Do I need a business valuation for a Centinel Bank of Taos SBA loan?
Yes, Centinel Bank of Taos typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Centinel Bank of Taos compare to other SBA lenders?
Centinel Bank of Taos has originated 2 SBA loans totaling $1.0M since 1993. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Centinel Bank of Taos lend in?
Centinel Bank of Taos provides SBA 7(a) financing with particularly strong presence in NM. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
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Certified valuations are often required for SBA loans over $250,000.
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